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Gold Is Getting Destroyed ($1140 Oz)
BI ^
| 11-5-2014
| Elena Holodny
Posted on 11/05/2014 6:17:31 AM PST by blam
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1
posted on
11/05/2014 6:17:31 AM PST
by
blam
To: Jet Jaguar
2
posted on
11/05/2014 6:18:56 AM PST
by
blam
(Jeff Sessions For President)
To: blam
Because Nothing Says "Best Execution" Like Dumping $1.5 Billion In Gold Futures At 0030ETFor the 5th day in a row, "someone" has decided that 0030ET would be an appropriate time (assuming the 'seller' is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold - amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.
The timing of the dump is right as Japanese trading breaks for lunch
3
posted on
11/05/2014 6:21:39 AM PST
by
blam
(Jeff Sessions For President)
To: blam
No FReeper ever lost money on gold - just ask them.
4
posted on
11/05/2014 6:23:04 AM PST
by
Graybeard58
(Fear God, and keep his commandments: for this is the whole duty of man. Eccl 12 V.13)
To: blam
But but but but all the MONEY PRINTING!?!?!?!?
To: blam
“The timing of the dump is right as Japanese trading breaks for lunch”
Lunch time is a common time for taking a dump.
To: Graybeard58
Like any other non-cash holding, you don’t “lose” anything, or gain anything either,
until you sell it.
7
posted on
11/05/2014 6:25:39 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: blam
Almost as sad as the Dem leadership today:
Zero Hedge
Bill Fleckenstein
Every Gold Bug on the planet
8
posted on
11/05/2014 6:26:44 AM PST
by
LRoggy
(Peter's Son's Business)
To: Graybeard58
My old Colts and Winchesters just keep on going up!
9
posted on
11/05/2014 6:26:56 AM PST
by
Dusty Road
(")
To: blam
Gold is getting destroyed?
Impossible!
It takes a nuclear furnace to do that!.................
10
posted on
11/05/2014 6:27:15 AM PST
by
Red Badger
(If you compromise with evil, you just get more evil..........................)
To: blam
Gold is being artificially deflated by the elites!
11
posted on
11/05/2014 6:27:43 AM PST
by
ForAmerica
(Texas Conservative Christian *born again believer in Jesus Christ* Black Man!)
To: Graybeard58
Never invest based on political idealogy.
To: ForAmerica
13
posted on
11/05/2014 6:29:16 AM PST
by
blam
(Jeff Sessions For President)
To: Graybeard58; Wyatt's Torch
Is it gold is weakening or the dollar is strengthening?............
14
posted on
11/05/2014 6:30:38 AM PST
by
Red Badger
(If you compromise with evil, you just get more evil..........................)
To: ForAmerica
All the signs are there! Hyperinflation & worthless currency are on the way!
Germany in 1923 - a mere hiccup compared to what’s on the horizon!
Panic! PANIC!!!!!
;^)
15
posted on
11/05/2014 6:35:32 AM PST
by
elcid1970
("I am a radicalized infidel.")
To: Graybeard58
“No FReeper ever lost money on gold - just ask them.”
It ain’t braggin’ if you can do it. Me and mine are just fine. :)
16
posted on
11/05/2014 6:35:33 AM PST
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Graybeard58
Mining stocks are at an all time low. Gold is on sale.
To: blam
Sponsor this half hour Goldline
18
posted on
11/05/2014 6:38:21 AM PST
by
edpc
(Wilby 2016)
To: MrB
Like any other non-cash holding, you dont lose anything, or gain anything either, Stocks pay dividends.
Not saying stocks have less risk.
19
posted on
11/05/2014 6:39:35 AM PST
by
Graybeard58
(Fear God, and keep his commandments: for this is the whole duty of man. Eccl 12 V.13)
To: MrB
Now there you go.... being rationale.
20
posted on
11/05/2014 6:42:28 AM PST
by
stevecmd
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